SANDHAR Growt . Motivation. Better Life QUARTER II AND HALF YEARLY - - PowerPoint PPT Presentation

QUARTER II AND HALF YEARLY FINANCIAL REVIEW-FY 2018-19

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SANDHAR

• - - - - - - - - - - - - - - - - Growth. Motivation . Better Life

SANDHAR

Growt . Motivation. Better Life

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SAFE HARBOR

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sandhar Technologies Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the tire industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

5.40 2.16 3.24 3.94 1.48 2.46 Total CV M&HCVs LCVs

CVs

YTD September 18 YTD September 17

20.94 14.41 5.41 1.12 19.93 13.81 5.15 0.97 Total PV Passenger Cars Utility Vehicles(UVs) Vans

Passenger Vehicles

YTD September 18 YTD September 17

132.93 39.79 88.56 4.58 118.76 37.35 77.14 4.27

Total 2 W Scooter/Scooterettee Motor cycles/Step- Throughs Mopeds

2 Wheelers

YTD September 18 YTD September 17

165.74 20.94 5.40 6.44 132.93 147.02 19.93 3.94 4.39 118.76

Total Vol. PVs CVs 3 W 2 W

Indian Auto Sector

YTD September 18 YTD September 17

Auto Sector Gr: + 12.7% ; 2–W Gr: 11.9% - Motorcycles : 14.8%, Scooters : 6.5% ; PVs Gr: 5.1% ; CVs : 37.1%

Industry Performance

Vol in Lacs Vol in Lacs Vol in Lacs Vol in Lacs

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Where are we…….. Consolidated

* Total Income excludes Inter-unit sale amounting to Rs. 143.58 Crs. Vs. 112.10 Crs. Last year

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HI FY’19 (A) HI FY’19 (B) HI FY’18 (A) GR Vs LY % GR Vs B %

Total Income 1182.9

1208.3 958.4 23.4%

• 2.1%

EBITDA

123.87 132.9 106.8 16.0%

• 6.8%

EBITDA % 10.47% 11.00% 11.14%

EBT

70.06 69.9 51.7 35.5% 0.2%

EBT % 5.92% 5.78% 5.39%

PAT

48.33 48.5 35.9 34.6%

• 0.4%

PAT % 4.09% 4.01% 3.75%

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Where are we…….. Standalone

* Total Income excludes Inter-unit sale amounting Rs. 143.58 Crs. Vs. 112.10 Crs. Last year

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HI FY’19 (A) HI FY’19 (B) HI FY’18 (A) GR Vs LY % GR Vs B %

Total Income 1032.3

1058 831.1 24.2%

• 2.4%

EBITDA

109.6 116.3 95.8 14.4%

• 5.8%

EBITDA % 10.60% 11.00% 11.50%

EBT

69.1 67.5 50.4 37.1% 2.4%

EBT % 6.70% 6.40% 6.10%

PAT

47.65 46.85 34.99 36.2% 1.7%

PAT % 4.60% 4.40% 4.20%

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23.4% 20.2% 7.9% 34.6% 75.4% 12.7% 13.2% 5.1% 37.1% 20.0%

Overall Growth 2 & 3 Wheelers Passenger Vehicles Commercial Vehicles OHV

Sandhar vs. Industry

Sandhar Rev Gr % Industry Vol. Gr %

688.00 245.03 24.44 154.25 71.21

Segmentwise Revenue- Rs. 1182.9 Crs

2 & 3 Wheelers PVs CVs OHVs Others

Where are we…….

Customer OEM Vol (Mn) STL Rev (Rs in Crs) OEM Gr % STL Gr % 4.2 342.0 9.4% 18.7% 2.0 253.3 15.3% 22.9% 0.1 91.8 3.9% 1.1% NA 72.2 NA 163.0% NA 52.0 NA 8.6% 0.4 48.0 12.6% 18.4% NA 42.6 NA 7.8% NA 25.8 NA 39.5% NA 25.1 NA 33.1% 0.4 16.2 39.6% 33.7% 3.5 12.1 5.8% 27.9%

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SANDHAR

• Growth. Motivation . Better Life

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Where are we……..

Business Segment* Product Categories* Customers*

43.2% 15.8 %

Locking Systems Vision Systems

11.5 %

Sheet Metal

12.0 % 13.0 % 4.5 %

Cabins & Fabrication ADC

21.8% 9.9% 12.2 % 12.1 % 15.5%

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Financials**

29% 22% 7% 6.2% 4.4% 4.1% 3.6% 2.2% * Based on Consolidated ** Based on Standalone

7 Particulars Q2- FY 19 (UA) Q1-FY 19 (UA) Q2-FY 18 (UA) H1-FY 19 (UA) H1-FY 18 (UA) Q2-FY 19 Vs Q1-FY 19 Q2-FY 19 Vs Q2-FY 18 Revenue from Operations 536.63 493.37 463.30 1,030.00 895.64 9% 16% Gross Margin 108.27 93.45 89.91 201.72 170.34 16% 20% EBITDA 60.08 49.97 51.59 110.05 95.30 20% 16% Finance Expenses 4.74 3.12 8.71 7.87 17.72 EBDT 55.33 46.85 42.88 102.18 77.58 18% 29% EBT 38.38 31.14 29.19 69.52 50.81 23% 32% Net Profit 25.91 21.74 19.44 47.65 34.08 19% 33% Share Capital 60.19 60.19 51.15 60.19 51.15 EPS (in Rs.) 4.33 3.64 3.83 7.97 6.72 19% 13%

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Where are we…….. WOS- Financials

119.0 20.6 4.5 6.6 116.9 20.4 4.5 8.6 101.5 14.6 3.7 7.5 STB STM STP STPL Total Income (Rs. Crs)

YTD Sep FY'19 UA YTD Sep FY'19 B YTD Sep FY'18 A

10.4 1.8 0.2 1.9

10.6 3.0 0.3 2.7 8.1 0.0 0.0 2.9

STB STM STP STPL

EBITDA (Rs Crs)

YTD Sep FY'19 UA YTD Sep FY'19 B YTD Sep FY'18 A

2.4

• 0.2

0.2 1.6 2.9 0.9 0.3 2.4 1.8

• 1.6

0.0 2.6 STB STM STP STPL EBT (Rs. Crs)

STB Gr (INR) Vs LY - 17.2 % ; Gr (Eur) Vs LY- 2.2 % STB Gr (INR) Vs LY - 28.4 %; STB Gr (Eur) Vs LY- 1.0 % STB Gr (INR) Vs LY - 33.5 %; STB Gr (Eur) Vs LY- 20.6 % 8

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Where to cover……….. ( all fig in Rs Crs)

Jaipur Oragadam Hosur

• Investments : 31.9 Crs
• EBITDA : (3.03) Crs Vs 0.0 Crs YTD Sep

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• EBT : (4.88 Crs) Vs 0.0 Crs YTD July 17
• Investments : 51.9 Crs
• EBITDA : (0.48) Crs Vs 0.3 Crs YTD Sep
• EBT : (1.69) Crs Vs (0.55) Crs YTD Sep

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• Investments : 64.89 Crs
• EBITDA : (1.89) Crs Vs 0.0 Crs YTD

Sep 17

• EBT : (4.51) Crs Vs 0.0 Crs YTD Sep

32.12 14.11 18.17 31.84 19.53 37.45

• 3.17
• 5.00

10.00 15.00 20.00 25.00 30.00 35.00 40.00

Jaipur Oragadam Hosur

Revenue YTD Sep FY'19 UA Revenue YTD Sep FY'19 B Revenue YTD Sep FY'18 A

0.39 2.52 1.33 2.98 4.41 5.98

• 1.34
• 1.00

2.00 3.00 4.00 5.00 6.00 7.00

Jaipur Oragadam Hosur

Gross Profit YTD Sep FY'19 UA Gross Profit YTD Sep FY'19 B Gross Profit YTD Sep FY'18 A

• EBITDA impact : -5.4 Crs ( Margin impacted by 0.46 % ) ; EBT impact : -11.08 Crs ( Margin impacted by 0.94%)

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How we managed financials ……Standalone ( all fig in Rs. Crs)

671.2 (+47.7)

Net Worth (Vs. Mar-18)

166.0 (-163.4)

Borrowings

720.7 (+86.1)

Gross Block (Vs. Mar- 18)

64.5 (+ 15.19)

Investments

109.2

Cash generated from Operations

67.5

Cash Used in Investing

107.4/90.9

Increase in WC / Borrowings

22.7

Free Cash Flow

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Annual - Rs. 5.06 Crs Annual - Rs. 51.16 Crs Annual - Rs. 101.46 Crs Annual - Rs. 65.70 Crs Annual - Rs. 14.76 Crs Others - Rs. 21.90 Crs Total:-Annual - Rs. 358.46 Crs; FY 18-19 (YTD Sep 18): Rs. 85.80 Crs Act Vs 125.64 Crs Bud OHV - Rs. 94.28 Crs Annual - Rs. 4.11 Crs New Business in hand

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SANDHAR

• Growth. Motivation . Better Life

New Business Status- Product category

• Rs.90.30 Crs ( 25.2% )~26.48 Crs.

Lock Assembly

• Rs. 10.10 Crs ( 2.8 %)~0.08 Crs.

Sheet Metal components

• Rs 33.84 Crs ( 9.4%)~4.98 Crs.

Mirror Assembly

• Rs. 91.40 Crs ( 25.5%)~16.24 Crs.

Cabins & Fabrication

• Rs 35.03 Crs ( 9.8%)~19.50 Crs.

Assembly

• Rs. 54.08 Crs ( 15.1%)~11.45 Crs.

Aluminium Die Casting

• Rs.10.26 Crs ( 2.9%)~1.17 Crs.

Zinc Die Casting parts

• Rs. 11.70 Crs ( 3.3%)~3.75 Crs.

Plastic Components

Total New Annual Business awarded: Rs. 358.46 Crs

Business – FY 18-19(YTD Sep18): Rs. 85.80 Crs Act Vs Rs. 125.64 Budgeted. 12

SANDHAR

• Growth. Motivation . Better Life

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Sandhar Technologies Barcelona S.L.

SANDHAR

Employe, es: STBalicel

lo n a - 1 SO I ST

Pola n d - 80 / STM exi, co - 90

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Outputs: 201J ,0 0 0 pa1

rts per day i(run n iing1 under normal condit iio n s )

Tonnage alumi

nium1

capacity: 25 T n per day STB & 5 T n pe1

r day in STM

Certiifications

:: I

IATF 1 6949· :201 16, I ISO 140 01 / OH

SAS 1 8001 Alloys used:

A 226 - i(A-3,80 in M e x .) AJI 230 A 231 - i(A I 4 1 3 in M ex.)i

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Main Customers: (Automotive and I

N on Autom otiiv e )i

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'CI-IAMEIERLAIN.

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Product Portfolio

Seat Belt Components

Volume 45.000.000 pcs l y

Thermo Systems & Others

Volume 2.000.000 pcs / y Technjcal deaning Machining, Coating ....

20-150 gr

4- 12 CV

100gr- 1Kg &

1- 8

CV.

Brackets, Supports & Pivots

Volume 4.500.000 pcs / y Machined not machined Assem lies of metallic bushings and gromme s

Housings, Covers & Heatsinks

Volume 3.

• 000. 000 pcs I y

Technical cleaning achined & not machined Lea age test I Impregnation 70- 700 gr

&

1- 8

CV.

150- 800 gr &

2- 6 CV.

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Product Portfolio by application

Electrical Drives Front Wiper System Brackets Seatbelt Safety Systems Smart Mechatronics Actuators Truck Turbo Systems Autonomous Driving

• Radars

Lighting Control Modules Electronic Braking Thermo Cooling Systems Modules

T H A N K Y O U

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SANDHAR

• ------------------------------------- Growth. Motivation . Better Life